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Factory shutdowns: Sign of harsh economic reality
« on: March 25, 2024, 01:06:11 am »
Factory shutdowns: Sign of harsh economic reality

THE shutdown of nearly 1,000 manufacturing industries between January 2023 and now is an uncomfortable reality of the parlous state of the Nigerian economy, which is tottering on the verge of collapse. The industrial sector is highly impacted by the crisis in the economy with the Manufacturers Association of Nigeria reporting that 767 manufacturers shut


 
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